Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-10-Speech-2-245"
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"en.20070710.49.2-245"2
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"The Union for the Presidential Majority (UMP) delegation wishes to point out and highlight the fact that ownership unbundling is not the best answer to current market dysfunctions.
In a context of strong competition, which sees the emergence of powerful non-European operators, we feel it is dangerous to dismantle the European energy companies in the name of a dogmatic approach to competition policy, far removed from the industrial strategies that ought to strengthen the European Union in global competition.
European energy supply is a strategic long-term issue that requires its security to be guaranteed beyond the duration of a single contract. This security of energy supply depends upon investments that are already clearly inadequate. They will, however, have to increase significantly in order to meet our future needs whether for gas or electricity.
Ownership unbundling means that our traditional energy operators will not be able to realise these investments in the energy networks. Handing over this opportunity to new entrants, who will not necessarily have the financial resources needed, or to non-European companies, who do not necessarily share our assessment of our future needs is very dangerous and very worrying.
In these circumstances, the UMP delegation expects the European Commission to develop an alternative approach to ownership unbundling."@en1
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